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What is the difference between insurance broker and insurance agent?

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A broker may sell the products of a number of insurers whereas an insurance agent has the Insurer as his principal and works in the interest of the Insurer and not the Insured  more

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An insurance agent is a person who sales insurance for an insurance company such as Geico. An insurance broker on the other hand is a person who represents several insurance companies. An insurance broker can often get you a better deal because they will submit your information to several companies to get you the "best" rate for your circumstances.

Tina Rush · answered over a year ago

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